GLOSSARY

An international standard providing guidance to governing bodies on the strategic, ethical, and organizational implications of deploying AI.

It provides corporate boards and senior executives with strategic principles to oversee AI adoption, assign accountability, manage risks, and ensure alignment with organizational strategy.

A board of directors establishes an AI oversight committee and accountability matrix based on ISO/IEC 38507 guidance to govern enterprise generative AI investments.

The standard provides high-level governance guidance for governing bodies rather than technical specifications, management system requirements, or operational checklists.

Adapting ISO/IEC 38500 corporate governance of IT principles, ISO/IEC 38507 outlines board-level responsibilities for AI oversight. It covers strategy alignment, risk tolerance, stakeholder impact, accountability structures, conformance to legal obligations, and cultural readiness, helping leaders evaluate and direct management's use of AI.